Iress Signs Multi-Year Deal to Enable BitDelta Pro's Equities and CFD Expansion

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Financial technology provider Iress has signed a multi-year partnershipwith UAE-based trading platform BitDelta Pro, extending its trading and marketdata services across international markets.Under the agreement, BitDelta Pro will adopt Iress’ trading and marketdata products as it expands its offering into equities and contracts fordifference.The deal follows previous deployments of Iress technology in the tradingsector. Earlier, Rostrointegrated Iress’ order management system and market-access infrastructureto support the expansion of its multi-asset and direct market accesscapabilities.BitDeltaPro Expands into Equities CFDsAs part of the new partnership, BitDelta Pro will implement Iress’trading and market data suite, including ViewPoint, Iress Pro, IOS+, FIXconnectivity, and application programming interfaces. It will also use Iress’API and FIX infrastructure to link front-end trading systems with back-officeoperations and support multi-asset execution.Jacq Jeremiah, Managing Director for Asia at Iress, said the companywould support BitDelta Pro’s expansion into new asset classes. He describedBitDelta Pro as a “fast-growing business” and said the partnership wouldsupport its move into equities and CFDs through “robust, scalable technology”and market data capabilities.IressExpands Trading Market StrategyThe agreement forms part of Iress’ strategy to expand its trading andmarket data business in growth markets. It also reflects alignment between thetwo companies, combining Iress’ trading technology and market data coveragewith BitDelta Pro’s regional presence.BitDelta Group Chief Executive Officer Demetrios Zamboglou said thecompany selected Iress as it prepared to enter the equities and CFD markets.“As we expand into equities and CFDs, we need a technology partner thatcan deliver institutional-grade infrastructure with flexibility at thefront-end,” Zamboglou said.Iress Integrates with Centroid SolutionsPlatformIn 2023, CentroidSolutions partnered with Iress to enhance its trading infrastructurethrough the integration of real-time market data and trading APIs into itsconnectivity engine. Thecollaboration gave Centroid’s broker clients access to global market data,which could be embedded into their platforms via Iress’ ConsolidatedFEED API. It alsostrengthened Centroid Bridge, Centroid’s liquidity management and orderexecution system, by enabling end-to-end pricing and trading workflows forexchange-traded products, with a focus on improving execution efficiency andstreamlining client onboarding.This article was written by Tareq Sikder at www.financemagnates.com.